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Sticky US inflation reawakens rate hike fears - May 26, 2023
Episode 194
Published 3 years, 5 months ago
Description
Things are really heating up in the American tech sector, which benefits the Nasdaq 100 and the S&P 500, but elsewhere, the mood is not exactly festive. The Dow Jones is lagging, European markets are dragging their feet, the UK is sinking further into a deep crisis with Gilts drifting, Germany is officially entering recession, Beijing is struggling to turn its economy around, and oil is down around 3%. New data shows US inflation is proving resilient. Here's the overall picture for this final session of the week.
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